An alliance of 25 venture capitalists led by the investment arm of the chipmaker Intel has announced a $3.5bn (€2.6bn, £2.3bn) fund to boost US competitiveness in technology. Intel, the world's biggest maker of semiconductors, also pledged with 16 other companies to increase hiring of US college graduates in 2010. The initiatives were announced in a speech by Paul Otellini, Intel chief executive, at Washington's Brookings Institution. Chris Nuttall, San Francisco Copyright The Financial Times Limited 2010. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.Source: www.ft.com/cms/s/2/e89ce9b4-20e4-11df-b920-00144feab49a.html
